Bulls can't complain if the S&P ends lower on this jobs day, given the gauge hasn't closed in the red for nearly two weeks.

Traders are marveling at the record-busting runup.

The "unfettered, glorious stock-market fun" will "conclude like all rallies, swimming in the tears of those who bought last," says iBankCoin blogger The Fly (http://ibankcoin.com/flyblog/2017/10/05/bears-dug-graves-killed-lit-fire/#sthash.rchp3D9K.dpbs). "But look at all of those gains."

He rattles off all sorts of stocks that have strolled higher lately, from Netflix (NFLX) to troubled retailer L Brands (LB) . Tesla (TSLA) also could be on his list, and that brings us to our call of the day -- from yet another skeptic saying there's too much hype around Elon Musk's baby.

It's an exec from big competitor General Motors (GM) who is dissing Tesla. Not exactly a neutral observer, but Scott Miller still makes a point worth listening to.

Miller -- who helps direct GM's efforts in autonomous driving -- isn't buying a key Tesla claim. Musk & Co have said (https://www.tesla.com/en_GB/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware) all Tesla vehicles produced since October 2016, including the $35,000 Model 3 sedan, contain "the hardware needed for full self-driving capability," though such features aren't currently enabled. That implies the vehicles are what the industry calls "Level 5" autonomous cars.

"I think he's full of crap," said Miller, according to multiple reports. "To be what an SAE Level Five full autonomous system is, I don't think he has the content to do that."

Miller said he did not believe full-autonomous driving could be implemented at the Model 3's price point, according to a Sydney Morning Herald story (http://www.smh.com.au/business/innovation/general-motors-executive-says-elon-musks-selfdriving-claims-are-full-of-crap-20171005-gyvd7n.html). It's "irresponsible" to say a car has fully autonomous capability at this point, GM's director of autonomous vehicle integration added, according to an Australian article (http://www.theaustralian.com.au/business/technology/elon-musk-tesla-claim-full-of-crap-gm-executive-says/news-story/d77ba053daf775d4d39a01434fbbedef).

"To be deeply integrated into Level Five, you should have some redundancies," said Miller, whose slams came during a briefing to Aussie media (http://www.news.com.au/technology/innovation/motoring/teslas-autonomous-car-claim-is-full-of-crap-says-general-motors-expert/news-story/2574d5aacc5f6a856153c764d8c13ec6) in Detroit. "Do you really want to trust one sensor measuring the speed of a car coming into an intersection before you pull out? I think you need some confirmation."

And:Tesla's push on autonomous driving rankled its Autopilot team (http://www.marketwatch.com/story/teslas-relentless-push-toward-autonomous-driving-has-rankled-its-autopilot-team-2017-08-24)

Tesla and GM are up 66% and 26% so far this year, respectively, while a broad auto industry ETF (CARZ) has gained 20%.

Don't miss:Musk says he can power Puerto Rico, if given the green light (http://www.marketwatch.com/story/elon-musk-says-that-if-given-the-green-light-he-can-power-puerto-rico-2017-10-05)

Key market gauges

Futures for the Dow , S&P 500 and Nasdaq-100 are little changed, after the Dow , S&P and Nasdaq Composite scored fresh all-time closing highs yesterday (http://www.marketwatch.com/story/us-stocks-set-to-hover-at-record-levels-with-fed-speakers-in-the-spotlight-2017-10-05). The S&P has risen for eight straight sessions and has achieved its longest streak of daily records in 20 years (http://www.marketwatch.com/story/the-sp-500-just-posted-the-best-record-streak-in-20-years-as-stocks-dig-further-in-to-all-time-highs-2017-10-05).

Asia posted gains (http://www.marketwatch.com/story/hang-seng-nikkei-reach-multi-year-highs-as-asian-stocks-rise-2017-10-05), but Europe (http://www.marketwatch.com/story/european-stocks-slip-with-us-jobs-data-in-view-spanish-banks-resume-selloff-2017-10-06) is mostly lower, with Spain's IBEX leading the way down as Catalonian independence worries continue to weigh. Oil (http://www.marketwatch.com/story/crude-oil-prices-fall-as-tropical-storm-nate-strengthens-2017-10-06) and gold (http://www.marketwatch.com/story/gold-lower-heads-for-fourth-straight-weekly-loss-2017-10-06) are losing ground, as the dollar (http://www.marketwatch.com/story/british-pound-drops-set-for-worst-week-in-a-year-on-talk-of-early-uk-election-2017-10-06) edges up.

See the Market Snapshot column (http://www.marketwatch.com/story/us-stocks-holding-tight-to-record-levels-as-investors-wait-for-jobs-data-2017-10-06) for the latest action.

The economy

The report on September nonfarm payrolls is due to arrive at 8:30 a.m. Eastern, with economists expecting only 75,000 jobs added (http://www.marketwatch.com/story/in-the-eye-of-the-hurricanes-us-job-creation-likely-stunted-in-september-2017-10-05) due to hurricanes Harvey and Irma. We'll also get wholesale inventories after the opening bell.

On the Federal Reserve front, the Atlanta Fed's Raphael Bostic is on the docket before the open, then in the afternoon we're due to get the New York Fed's William Dudley, the Dallas Fed's Rob Kaplan and St. Looey's James Bullard.

The chart

CNN's Fear & Greed Index is showing greed has risen to its highest level in at least three years (http://money.cnn.com/data/fear-and-greed/), as illustrated in the two charts shown. It's registering a 95 on a scale of 100.

What about other indicators? Bank of America Merrill Lynch's Bull & Bear Indicator is now at 7.0 out of 10. BAML's strategists say "stay long risk assets until sentiment reaches euphoric territory of 8.0."

The buzz

Data-center operator Switch is expected to have its NYSE trading debut this morning after pricing its IPO above expectations (http://www.marketwatch.com/story/switch-prices-ipo-above-range-at-17-raises-more-than-500-million-2017-10-05).

The 2017 Nobel Peace Prize has been awarded (http://www.marketwatch.com/story/nobel-peace-prize-goes-to-anti-nuclear-weapon-campaigners-2017-10-06) to the International Campaign to Abolish Nuclear Weapons, aka ICAN. North Korea was called out in the committee's award statement.

Tropical Storm Nate, blamed for at least 22 deaths in Central America, is strengthening today (http://www.marketwatch.com/story/tropical-storm-nate-headed-for-gulf-coast-leaves-22-dead-in-central-america-2017-10-06) and expected to become a hurricane by the weekend. It's heading toward the U.S. Gulf Coast.

The U.K. might see another snap election (http://www.marketwatch.com/story/sterling-has-a-long-way-to-fall-as-snap-election-risk-mounts-in-the-uk-2017-10-05), and that's weighing on the pound .

The quote

"Maybe it's the calm before the storm." -- President Donald Trump offered that cryptic comment (http://www.marketwatch.com/story/maybe-its-the-calm-before-the-storm-trump-cryptically-says-at-military-gathering-2017-10-05) Thursday during a photo op with military leaders and their spouses.

About 54% of large-cap mutual-fund managers are beating their benchmarks so far this year, according to BAML data cited by Business Insider (http://uk.businessinsider.com/stock-market-news-active-managers-headed-for-best-year-since-financial-crisis-2017-10). It's a rare bit of encouraging data for these much-maligned stock pickers (http://www.marketwatch.com/story/5-charts-show-how-index-investing-is-beating-stock-picking-2015-06-24).

Random reads

Cam Newton apologizes (http://www.marketwatch.com/story/just-doing-my-job-says-female-reporter-after-cam-newton-laughs-at-her-questionon-receiver-routes-2017-10-05), but not before losing a sponsor.

"Screaming was an everyday thing" during Rep. Tim Murphy's "reign of terror (http://www.politico.com/story/2017/10/05/tim-murphy-abortion-scandal-office-staffers-243521)."

Amazon plans a pop-up bar (https://www.cnbc.com/2017/10/05/amazon-is-opening-a-pop-up-bar-in-japan-but-without-a-menu.html) in Tokyo with no menu.

NY man busted (http://nypost.com/2017/10/05/man-busted-for-posing-as-hedge-fund-investor-in-19m-ponzi-scheme/) for posing as hedge funder in a $19 million Ponzi scheme.

A reporter in Japan logged 159 overtime hours in a month, then died (https://www.nytimes.com/2017/10/05/world/asia/japan-death-overwork.html).

The emperor has no ... escalator (and is a Putin buddy (http://www.marketwatch.com/story/what-putin-and-saudi-kings-buddy-act-means-for-the-oil-market-2017-10-05)):

(https://twitter.com/annalecta/status/915989154609160197)

Traders are talking about what The Economist magazine's latest cover (https://www.economist.com/printedition/2017-10-07) means: